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Search Results 0 to 27 of about 28 (some duplicates have been removed)
for everybody. in the current news center. >> good morning, everybody! president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want part
. to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it will be a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: w
that president obama will be better for business than mitt romney, but just before that second obama term begins, he's getting a dividend. mr. senegal and the rest of the costco board voted this week to give themselves a special dividend, a 3 billion dollar christmas gift for shareholders that will allow them to be taxed at the current rate of 15% rather than next year's rate of over 40%. and costco is just one of many companies making these one-time cash payouts in a move that will save stocks holders like senegal unless in dividend taxes. and so, mary, turns out maybe taxes do influence investor behavior. what's the meaning of the great cashout of 2012? >> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really
president obama hurt their bottom line? will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes for yelp users. one woman post as scathing review of a business. now the owner is suing her for $750,000. does he have a case? he is here to make it. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines of the congress doesn't open its mouth and stocks go up. are we listening politicians? better than expected jobless claims data and rebound in tech stocks helped lead the market higher. the dow gained 39 points hitting a new one-month high. >>> at&t customers listen up. your service may start sucking less. akamai technologies reached a deal to provide at&t's mobile network. it is expected to speed up delivery of digital content to customer's phones. akamai shares soared 10% on the news. >>> zynga bumped up because it is betting big on real life gambling. it filed a gaming license application in nevada. >>> to our top story tonight. exxon hates your children.
tries new negotiation tack. not giving in. the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been arrogant since barack obama won in covering him and in covering in particular this fiscal cliff. tony, your thoughts. >> it could only be an msnbc anchor to take this long to figure out. there have been some media, the financial times which endorsed the president has called the president's bluff on this plan. they say this is the same proposal he put in front of congress that received zero votes a year ago, not even one democratic vote. but what the media has been doing is buying into this story line that president obama has some sort of mandate to do whatever
that there won't be any deal. president obama with the business roundtable. >> any formula that says we can't increase tax rates probably only yields about $300 to $400 billion realistically. that's well short of the amount of revenue that's needed for a balanced package. >> bill: just won't cut it. the president said. he also appeared yesterday morning on tom joyner's radio show. and said if you want a deal, if you want a compromise, there's only one way to get there and that's the one thing missing if republicans will agree that tax rates will not -- will not -- the tax cuts will not continue for the top 2%. he said we've got a deal. >> obama: i think once republicans agree to let the tax rates go up on the top 2%, like i talked about during the campaign like the majority of americans agree to, once we do that, and i think we can get a deal. >> bill: and at the briefing yesterday, jay carney made the same point saying that there was no way -- he said it one more time. in fact, i tweeted out yesterday while i was at the
't face charges for that. >> one problem after another. christine romans here with today's big business news. >> good morning. u.s. stock futures were up this morning. world markets up, commodities up after comments made by president obama and house speaker john boehner, both expressing optimism on fiscal cliff negotiations in the washington. in a new report from the congressional budget office it says more than half a trillion has been spent on jobless benefits over the past five years. $520 billion in jobless benefits in five years. also part of the debate, whether to extend the deadline to file for additional unemployment benefits beyond the end of the year. spending on food stamps is rising. nearly 15 million households received food stampses in 2011, up 10% from the year before according to new data from the census bureau. it shows you the far reach of the government right now in the safety net in supporting american families. all of that at the core of the debate of what's happening with the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7
are catching on to that fact. >> today president obama takes his message to a toy manufacturer in pennsylvania. it is an american business off the white house said could be affected because income tax go up forever one next year. >> mitt romney met with president obama from lunch at the white house yesterday we were anticipating it yesterday morning. >> the pair eight at a private dining room it was actually the first time both have met each other since the election wrap up an early november. the present first mentioned meeting with the former governor in his victory speech in chicago o'hare this month. the president said he looked forward to talking with romney about ways to move the country forward. prison obama also praised out romney manage the olympics in salt lake city in 2002. >> will take a quick break back mwith more in a minute. we are watching the wet weather that is our top story of the right light to moderate and at times heavy with the wind out of the bay area's. we will come back with your forecast just a moment. we are back here at 4:30 in the western center talking to erica ab
is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to
be the biggest creton in the business. >> cenk: lizz makes a great point. this no longer seems amazing. okay, you have president obama half million dollars. now you'll be given something for that legalized bribe you collected for. >> this has gone on forever especially with france and england, that these two appointments specifically are reserved for people who have been able to get together a lot of money. >> i'm imagining a world how much can we raise for a president that we want. we go to them, hey can i get ambassador position with you and what is it that we're doing right to help you out? i just imagine the world and how much it's influenced. >> cenk: what is 20 bucks get me? can i get ambassador. >> bill maher gave $1 million. bill maher should be the ambassador to, i don't know, anywhere. it's really a shock and that's it. i don't know. >> how terrified is that embassy staff right now. >> cenk: oh, yeah, yeah. by the way, bill maher raised as much as anna wintour. so it should be twice as important as england maybe china. >> cenk: or the ambassador to hbo, do we need a liaison between amer
.n. ambassador susan rice has heavy jeismts in energy companies known for doing business with iran. and that is illegal. first up, breaking news on the fiscal cliff front tonight, president obama offered his opening bid in budget talks with republicans, and we have eamon javers with all the details. good even, eamon. >> house republican aides are saying this was a new offer from temperature think geithner on capitol hill for a long series of meegts. there were varying report of whether or not he had made a specific new offer. in fact harry reid told me that he hadn't made a specific new offer. that said, republican sources are laying out the offer they say they got from the white house today. take a look at some of the specifics. you'll see what's prompting the reaction earp just talking about. they say what the white house is offering is 1.6 trillion in tax increases up front, to continue the payroll tax credit or a similar policy, what they call a permanent increase in the debt limits, a one-years extension of extended jobless benefits plan, and at least $50 billion in new spendi
were busy building the seating used in president obama's next inaugur inaugural, romney slipped out a side entrance of the white house leaving the capital's focus squarely on the man who won. as for that incident that occurred as romney arrived at the white house, the secret service did arrest a man for assault of a police officer. a spokesman says he was combative with uniform secret service agents and interfered with mitt romney's vehicle entering the white house. and i did talk to, well, just very briefly with one romney aide saying can you give us some color, a read out, you know what he forwarded me? the white house statement which can be translated as call me maybe. >> one line did jump out at me from that white house statement. they pledged to stay in touch particularly if opportunities to work together on shared interests arise in the future. that's a pretty hopeful sign. >> that does leave the door open in the event that mitt romney wants to work with the president or the president wants mitt romney to work with him on some of these fiscal issues. and as the president has n
. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact, what we're seeing in the public is exactly what's happening in the private, and that is that it's essentially a standoff. there are no phone conversations, no e-mails, no texting going back and forth, and identify been talking about this. it's very difficult to see how this process moves fashd if -- we see them bringing in business leaders to the white house, ceos, middle class americans, and they're reaching tout these ceos of the business roundtable saying his policies will help businesses. his policies will make it easier to create jobs and that he is rooting for them. at the time he is trying to get behind his posit
's busiest port since a 10 day lockout by longshoremen in 2002. and this one is taking place after the busy pre-holiday shipping season. major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss f
a letter urging speaker boehner to take the last hexit before the cliff. neither president obama nor democrats in congress have ever been ambiguous about our proposal to provide economic security for 98% of american families and 97% of small businesses while asking the wealthiest 2% to contribute just a little more to stop this runaway debt. and now that even a dyed in the wool conservative like senator coburn of oklahoma has endorsed the democratic approach, here's what he said, "i know we have to raise revenue. i would rather see the rates go up," he said. he's been heavily involved in everything that's happened in the last several years in washington dealing with debt. when he joins in, that's really significant. it is apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle-class families wait for relief and how long will he force the financial markets to wait for u un-- wait for certainty? the longer he delays, the greater i think ris the risk to. so i urge him, don't listen to me, listen to your own caucus. listen to pru
the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south dakota. >> and he was the second republican to do that this past week. joining congresswoman shelly moore of west virginia. while 2014 is a long way away, 2013 is just over the horizon. that's when new jersey's chris christie is up for re-election and the tough-talking republican governor's making clear he wants another term in office to help his state recover from superstorm sandy. >> i don't wan
businesses would pay the higher number. most small businesses are people selling items out of their basement on e-bay. those that create jobs, they are in the 2% of small businesses. they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spending the truth in july's for their own political gain. -- into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hou
business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to accept some compromise on taxes? >> revenue is on the table. but revenue was only on the tab
people n if it affects the economy, it facts everyone. and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare s
not saying that we sit on our hands. that is the style of activity. the reinforcement that we mean business, that is where you want to do but. >> this is a little bit inside. the obama administration has said it wants to prevent iran from getting a nuclear weapon. but what does that mean? does that mean we have evidence that there bolting the last polls together for a deliverable nuclear weapon -- bolts together for a deliverable nuclear weapon? does that mean they have too much 20% material and could break out more quickly? there is a real need of for try to define that. in our report, we tried to do that, not in a red line way, but in a way that the u.s. has to be prepared to be able to make an assessment based on a set of criteria that if iran meets that set of criteria or there is a judgment, the u.s. would respond militarily. i think right now, at least what i hear, it is not well defined in. you have israel taking a very different point of view, where they have said that they may strike militarily when iran reaches a certain level of nuclear weapons capability. that would be short of
to breaking point with these additional obligations. i do not think that president obama and the people who are advising him really have their finger on the polls of what it will mean for small business owners. that's what concerns me. people like us have been able to cope and still have been able to save and to send our children to college. that is close to going away and this is one of my great concerns. guest: one of the untold parts of the story and sometimes we overlook what is happening in the states. locale raising state and taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you could be pushed up against a deduction if you live in new york. if you live in new york and have high state and local taxes, if congress moves forward with a deduction cap, you could go right up to that cap. host: 24% of those were claiming the earned income tax credits. 13% climb in the child tax credit. these credits, you can use them simultaneously. guest: some of these are refundable which means you get money back even if your tax bill is zero. whatev
that move. >> jeszic ka, the things obviously could be getting more complex as you know, president obama wants to add the debt ceiling to the multiple issues already on the table. what are you hearing about that? >> well, this was something the president laid out in a speech this morning to the business roundtable. the debt limit and avoiding the debt limit fight is one piece of the deal that they are seeking. let me try to break it down for you and explain how the white house sees all of this come together. wolf? >> the president's latest move, he told ceo's the fiscal deal should include a permanent way to avoid future debt ceiling fights. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> why is he adding the debt limit into this already complicated showdown over taxes and spending cuts? >> let's allow higher rates to go up -- >> we have to cut spending. >> the white house thinks of the fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs mor
. going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to accept some compromise on taxes? >> r
to you, and the conversations will encompass not just leaders of congress, but business leaders and civic leaders and governors and others who have a stake in the process and the outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt c
thank you for coming over. i know you have a busy, hectic day. we're going to put your statement in the record but we're very pleased you king. this hearing stands adjourned. [inaudible conversations] president obama travels to pennsylvania today to push for an extension of the bush era middle-class taxes. mr. obama is trying to reach a deal with congress to avoid some of the automatic spending cuts and tax increases that take effect in january. live coverage from hatfield pennsylvania at noon eastern on c-span. >> program began under wraps who was one of the advisors to president franklin roosevelt. to document the conditions under which people were living. this was back when we didn't have television. we had radio, but a lot of places didn't have electricity so they couldn't listen to the radio broadcasts to find out what was going on in other parts of the country. striker, who is an economist from columbia university, he was the head of this project, and in 1939 when kodak introduce color film, they said film to roy stryker to have his photographers try out. see what they coul
Search Results 0 to 27 of about 28 (some duplicates have been removed)